Ovintiv Inc OVV

Quarterly results out . Buy buy buy

[exprohibition18]

This stock was priced for Armageddon and they delivered an en excellent quarter - beating estimates.  2billion has been wiped off the value of this company over past 6 weeks or so and when I see the outcome of how they actually did - I'm left mystified as to what the market was thinking .

[Violet17]

Couldn't find earnings per share. Thanks

[ArchimedesB]

[Akamai007]

$.81 versus $.76 concensus

[autofocus111]

FCF is all that matters. Given the extent of 2020 hedges (~2/3 of production), realized prices in 2019, and production increase of a few percent, I think the 2020 number will at least match that of 2019, and could be significantly higher if oil prices stage a recovery to 60+. The company expects to generate positive FCF at prices even below the current figures. No mention of what if any

[autofocus111]

With FCF approaching 500M and share prices in the dumpster, these bozos need to announce a new share buyback pronto. Sure, allocate part of that to debt paydown, but without a buyback the stock price will remain stuck in the mud.

[Deuteronomy818]

Agreed, Doug should buy a few too and put some of his money to his pump up.  Otherwise he's just a wind bag and the market's already shown us that. I think of that balloon again,,,lol

[jjeerryy]

I can't help but agree. Sad how the markets can get it wrong!

[Maxmoe]

Nothing burger here, hold the bun. Cdn investors don't care anymore. Americans? Don't care about a small cap oil/gas stock with 'foreign' assets and negative momentum. 

[Bluejaysoilcomp]

OVV is not a small cap company among oil companies.

[regardless]

Too bad chevron didn't offer to buy this pig

[vision3]

has anyone checked out Alvopetro?

[jjeerryy]

Nope, filet mignon, medium rare, yes hold the bun! maxmoe you are but a dunderhead!